BTC Drops 3% as $267M Liquidations and Dormant Wallet Movements Trigger Volatility on Binance

Bitcoin (BTCUSDT) experienced a 3.00% price decline over the last 24 hours, closing at 89,583.23 USDT on Binance. The decrease can be attributed to notable factors including $267 million in market-wide liquidations, reduced activity from large holders (over 10,000 BTC), and reports of dormant wallets moving substantial amounts after years of inactivity, which may have contributed to increased volatility. Meanwhile, mid-size holders (100–1,000 BTC) increased their accumulation, and Matrixport transferred 3,805 BTC from Binance, indicating continued institutional interest. Trading volume reached $49.45 billion, down 22.90% from the previous day, with Bitcoin’s price fluctuating between 92,355.99 USDT (24h open) and a low near 88,091.50 USDT, reflecting ongoing consolidation and heightened market activity.